In my market the valuation with f/f non commercial financing is typically lower than the hands off cost of adding the ADU.  

Most of the ones I bought had existing tenants and almost all were paying below market rents and way below market rents.

I'm starting a property management company and I'm curious to know how people have marketed themselves online.

But it does give an easy way out for busy out of state heirs who don't want to deal with organizing with other heirs to redeem the property, put it on the market and split the proceeds.

On the surface, it might seem cheaper to hire a PM company, but when you factor in vacancies, maintenance, and under-market rents, you’ll likely come out ahead by managing it yourself.I used to work for a local investor with 500+ units, all in one town.

There are several myths that we have to debunk before someone truly believes they can do it.You need millions of dollars to do a dealThat it’s too complicated to figure outThat permitting takes yearsIn those communities developments cost way less (think a couple hundred thousand along with a loan from a regional bank), permitting is not difficult (much less red tape), and the towns are small enough that both the city staff and the local architects and engineers and contractors all work with you to help you navigate the process since you’re all invested in making your community better.Note: The big boys can play in the primary & secondary markets.

Our customers are a mix of 1) DIY owner/operators and, 2) investors who use one or many full-service PMs to handle day-to-day operations in their local markets.

It is growing like a weed and there plenty of growth left to be had. 

You can't delete them so you can watch yourself grow.

Note at “standard” MLS market rent to price ratio, the property tax alone is ~20%.